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the pipeline. mapped door budget cuts kick in in 54 days. house speaker john boehner says it is time for the president to lead. here he is is talking about that. >> mr. president, this is your moment. we're ready to be lead, not as democrats or republicans but americans. we want you to lead, not as a liberal or conservative but as president of the united states of america. we want you to succeed. bill: stuart varney, anchor of "varney & company", fox business network. the issues on the table are the same issues as monday. we want you to succeed by the way. what did you hear or what are you hearing based on the statements out of the washington now? >> three statements to listen to very carefully. speaker boehner, senate majority leader harry reid, and the big union boss, richard trumka. if you add them all together, tell you exactly what they said in a moment, add them all together the outlines of a deal would look like this. this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
directly to the american people and sell his case. john boehner said this is his moment. his opportunity to leave. shannon: i would like to play a little bit more about what john boehner has said. and then i would like to play more about what brett said about this. but first, what john boehner said to diane sawyer. >> raising taxes is the wrong prescription. >> raising tax rates is unacceptable. frankly, it could not even pass the house. shannon: bret baier is the anchor of special reporting. what is your reaction? we understand that the president will invite congressional leaders over. >> we will also probably here from his senior adviser, david plouffe. the one thing that is interesting, if you look at the polls on the question of income tax rates, you have 47% that want to increase for those about 250,000. no increase for anyone tax increases, and 13%, increases for all. 47% 1,250,000 or above and 48% don't raise them at all or reason for everyone. so, you know, if you look at the exit polls, there is not really a definitive answer there. the republicans are going to say this is not t
? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
monday. jon: brand new stories and breaking news. president obama and house speaker john boehner speaking today about what is needed to avoid a potential economic crisis in january. >>> an ohio teen sentenced in a deadly plot to lure victims with phony job offers on craig's list. >>> silent killers of superstorm sandy d the threat of carbon monoxide exposure, dangers from downed power lines and contaminated water. it is all "happening now." jon: iran uping the stakes with the standoff over the west on its nuclear program. a good friday morning to you. i'm jon scott. >> i'm jamie colby. good to have you here. i'm in for jenna lee today. talk about happening now, there is lot happening this hour. let's start with this. iranian warplanes opening fire an unarmed u.s. drone? the pentagon said it was flying over the gulf. that international waters. fortunately the drone was not damaged. jon: all this as the you know announce as fresh round of new diplomatic talks with iran next month. national security correspondent jennifer griffin live at the pentagon with more on this. this happened
obama and house speaker john boehner pledging to work together this time around with the threat of the fiscal cliff just months away. is it just talk or are they actually going to find common ground before it is too late? we'll talk about that. >>> plus the deadly disease that can be predicted by visible signs of aging. we'll talk about that with a doctor coming up. >>> armed motor thieves racing through a busy mall. how about that? the jewelry store heist caught on tape. it's all "happening now.". jenna: hi, everybody. great to have you with us today. i'm jenna lee. jon: i'm jon scott. lots to get too today. we want to get started what is going on in the northeast. mother nature package powerful punch hitting an area still recovering from superstorm sandy d a strong nor'easter dumping freezing rain and snow on new york and new jersey. this winery mix coming at the worst possible time with hundreds of thousands of people still waiting for electricity to be restored after sandy. no power means no heat as temperatures plunge. steve centanni is live in new jersey. steve? >> reporte
's possible with john boehner saying okay, we will get rid of some deductions that rich people enjoy that the president is now going to have his bluff called. i think is he going to get some tax increases on rich people, will he actually reform the entitlement spending? >> you are in charge, what is the compromise? >> well, i think the big part of the compromise, boehner has to get is the spending cuts have to happen now. people talk about this sequester and government spending might get cut. most of it is in the future. he has got to get in the hundreds of billions in year one to say we are actually turning this ship. >> james freeman from the "wall street journal" thanks for coming in with your expertise on. this thanks. good to be here. >> your tax dollars going to pay for sex change operations? what? we'll tell you where this just has been given the green light. >> then, it's been two weeks since super storm sandy and thousands of people are still in the dark this morning. they have been left freezing over these past weeks. so where is the help? our own brian kilmeade is going to
of them is obamacare, as john boehner put it the other way, it's the law of the land. that means that businesses are going to be laying people off. that means that over eight million americans who are part time are going to continue to work part time until we see a real resurgence in this economy, certainly. because it's just not economical for the employer to move ahead. it's cheaper for them, in fact, to pay a $2,000 fine. imagine this, to pay $2,000 for an employee they didn't hire who they've hired and not put them on an employee-sponsored insurance plan. this is the exact reversefect of what we had, you know, been told would occur. but we should be used to that, because so much of the -- so many of the consequences have not been intended because they were never thought out by this congress, the previous congress. and we're looking at people saying it's partisanship. let me give you an example of why that's pure bull, shannon, many i fay. shannon: please do. >> one of the companies laying off people is a company called stryker, one of the medical device makers, one of the big
as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimistic. i was born with a glass half-full. if i hadn't been i sure wouldn't be here. jon: so let's get to it. how close are we to the edge of that fiscal cliff? marjorie clifton, a former consultant to the obama campaign a
Search Results 0 to 8 of about 9